Real Assets
The plan’s general investment consultant will search for a new active international equity manager in the near future.
The pension plan disclosed commitments totaling roughly $778 million in the third quarter.
The retirement system also placed its international large-cap growth equity manager on watch last month.
The retirement board made $250 million in total commitments over the last two quarters.
The plan added commitments with two new hedge fund managers and two existing real estate managers this summer.
The university also made redemptions from domestic and emerging markets equity managers.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The retirement system also eliminated its target allocation to multi-asset class solutions last month.
The retirement system’s most recent commitments totaled $615 million across four funds.
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.